In general, a financial crises has all of the following characteristics except _______________.

A. Asset Price Declines

B. Corporate Fraud

C. Financial Institution Failure

D. Liquidity Freeze

The bailout of banks were generally in the form of ________________.

A. Direct Investment in companies by the Fed and/or Treasury

B. Fiscal Expansion by the government

C. Lowering the reserve requirements on banks

D. Tax cuts on corporate income

The housing crises resulted in _____________.

A. The bailouts cost taxpayers billions of dollars

B. Many bankers were prosecuted for fraud

C. Bank regulations that split up the largest banks

D. None of these things happened